Editor's note: Many say LTCM (Long Term Capital Management) was the first shoe to drop in the economic crisis and foretold the things to come. This 90 minute presentation at MIT is by Eric Rosenfeld, formerly of Salomon Brothers, and talks about what went wrong at LTCM. Around 43 minutes in, he mentions the conflicts of interest for the CEO of Goldman Sachs with regards to the potential Buffett bailout.
Check out the video here.
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